"Hood" says that in his anonymous capacity that he wishes to "take from the greedy to feed and blanket the poor." He also describes himself as an "artist" and "meddler." However, he has assured reddit that the funds he used to make the donation were not ill-gotten.

"Do not be concerned, friends," he wrote on reddit. "These are not stolen crypto. I convert the paper fiat of the wealthy into crypto for your to spread. Please help those in need."

And he Tweeted this about his identity.

Not to worry about my identity, reddit friends. I live in the world of proxies, disposable devices, and roaming vehicles. More very soon... — Hood (@savethemhood) March 17, 2014

Paul Young, director of digital for charity:water, the group that will receive the donations, said the funds will be used to bring clean water to Kenyans through our local partner Action Against Hunger, according to a statement from Dogecoin.com.

The campaign was initiated by Eric Nakagawa, the co-founder of internet humor site ICanHasCheezburger and a member of the Dogecoin Foundation, the site said.